Inventory is presented on the balance sheet at the end of the period using the planned costing metho

The closing balance of the "raw materials" account = (52000 + 498000) - 504000 = 118000 yuan.

Please recalculate the result is incorrect.

Material cost variances.

Ending balance = (-1000 + 12000) - 10080 = 920 yuan Why.

Materials issued: Borrow: Accounts.

Borrow; Raw materials 504 000

Amortize material cost variances (borrowing overruns).

Debit: Account. Credit: Material cost variance 10080

10080 on the credit side This is the entry for the difference in the cost of the material (the debit + credit side of the material cost difference is -) You are involved in the overrun of the difference in the cost of materials at the time of purchase Your concept is quite vague!

Purchases: Overruns are debited for material cost variances.

Savings Credits for material cost variances.

Emit; Overrun Credits for material cost variances.

Savings: Write down the material cost variance debit (this entry is not the same as it used to be, it used to be a credit in red.)

1000 Savings on Loan Spreads Purchased at the Beginning of the Period.

12,000 overrun at the time of purchase.

10800 is an overrun of the borrowed difference.

One is to buy and the other is to send out, please be careful not to get confused.

Regardless of how the cost method is calculated, what is ultimately reflected in the asset statement is the actual cost of inventory, i.e., planned cost + (- variance.

Raw materials are calculated at the planned price, and material purchases are recorded at the actual cost price. At the beginning of the purchase, borrow: raw materials at the planned price.

Credit: Material Purchases Actual Cost Price.

Material Cost Variance (Debit: Indicates an overrun. The credit indicates the savings) so it is -1000

Question 2, how to list the amount of inventory accounted for at planned cost when the inventory is reported in the balance sheet at the end of the period.

The inventory items are filled in according to the total closing balance of the accounts such as material procurement, raw materials, turnover materials, inventory goods, issued goods, consignment products, consignment goods, consignment goods, production costs, etc., minus the closing balance of the consignment goods and inventory decline provisions. If the materials are calculated by planned costing, and the inventory of goods is accounted for by the selling price amount method, it should also be filled in according to the amount of the collapse after adding or subtracting the difference in material cost and the difference between the purchase and sale of goods.

Jujube Answer]:

Because the balance of the "production cost" account is blind, it belongs to the empty production products, and the production products belong to the inventory of the enterprise.

Regardless of whether an enterprise adopts planned costing or actual costing for inventory, it is correct that the inventory items on the balance sheet reflect the actual cost of inventory when preparing the balance sheet.

Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, the materials or materials consumed in the production process or the provision of labor services, etc., including all kinds of materials in the rock preparation, products, semi-finished products, finished products or inventory commodities, as well as packaging, low-value consumables, commissioned processing materials, etc.

Inventory is time-sensitive and has the potential for loss. Under normal business activities, inventory can be converted into monetary assets or other assets on a regular basis, but inventory that is not used for a long time may become overstocked materials or sold at reduced prices, resulting in losses for enterprises. Inventories are tangible assets, which are different from intangible assets.

The criterion for determining whether an inventory belongs to the inventory of an enterprise is to see whether the enterprise has legal person property rights to the destruction of the inventory. All items that belong to the enterprise with legal property rights on the inventory date, regardless of where they are stored or in what state, should be recognized as the inventory of the enterprise jujube family. On the contrary, all items whose legal property rights do not belong to the enterprise, even if they are stored in the enterprise, should not be recognized as the inventory of the enterprise.

Homemade inventory. Its cost includes self-made raw materials, self-made packaging, self-made low-value consumables, self-made semi-finished products and inventory goods, etc., and its cost includes direct materials, direct labor and manufacturing expenses and other actual expenditures. The cost of the inventory invested by the investor shall be determined in accordance with the value agreed in the investment contract or agreement.

In general, the inventory of an enterprise includes the following three types of tangible assets:

1. Inventory stored in the normal course of business for future use. This refers to various items that are in a state of waiting for sale in the normal process of an enterprise, such as the inventory of finished products of industrial enterprises and the inventory of commodity circulation enterprises.

2. In order to finally ** inventory in the production process. This refers to various items in the production and processing process for the final time, such as the products of industrial enterprises, self-made semi-finished products and commissioned processing materials.

3. Inventory for the production of goods for sale or provision of services for consumption. This refers to the various raw materials, fuels, packaging, low-value consumables, etc., that enterprises reserve for the production of products or the provision of labor consumption.

With planned cost valuation, whether the amount of materials in the balance sheet at the end of the period that should be credited to the inventory item is planned.

Answer]: c, d

Inventory includes direct materials and finished products, etc., so the direct material budget and product cost budget can directly provide data for the year-end balance of the "inventory" item in this question. In the production budget, only the physical quantity index is involved, and the value index of the missing hole is not involved, and the production budget will affect the quantity of inventory, but it cannot have a direct impact on the year-end balance of inventory items.

Raw materials, inventory goods, production costs, low-value consumables, commissioned processing materials, self-made semi-finished products, packaging materials, etc.

Businesses should set up"Inventory items"Accounts account for the increase and decrease of goods in inventory and their balances. When the goods are inspected and stored in the warehouse, they should be carried out by"Production costs"Subjects are transferred"Inventory items"Subjects; When selling inventory goods externally, the corresponding accounting treatment is carried out according to different sales methods; Inventory commodities such as construction in progress shall be transferred according to their cost.

Inventory Commodities The sub-ledger should be set up according to the type, variety and specification of the inventory commodities of the enterprise. If there are commodities stored in the sales department of the enterprise, commodities sent to the exhibition, and commodities that have been sent out and have not yet gone through the collection procedures, they should be separately set up for accounting. The inventory commodity ledger generally adopts the quantity and amount formula.

Answer]: A balance sheet date, when the cost of inventory is less than the net realizable value, inventory is measured at cost; When the cost of inventory is higher than the net realizable value, the inventory shall be measured according to the net realizable value, and the provision for the decline in the value of the inventory shall be calculated according to the difference between the cost and the net realizable value, and shall be included in the profit or loss for the current period.